Santa Barbara Real Estate Statistical Update – June 17, 2014

Santa Barbara Real Estate Statistical Update – June 17, 2014. The Santa Barbara real estate market activity is brisk. Well priced homes for sale in Santa Barbara are going into escrow very quickly – many with multiple offers. The Santa Barbara real estate market is experiencing a very low number of homes for sale. The number of Santa Barbara homes sold is down 20% over this time last year. The number of Santa Barbara homes listed for sale is down 6.2% over this same time. The Santa Barbara median sales price is $860,000. The Santa Barbara median sales price is up 14.7% from last year at this time when the Santa Barbara median sales price was $750,000.

The Montecito real estate market activity is also brisk. Montecito also has a very low number of homes for sale relative to the buyer demand. This is most prevalent in Montecito homes priced below $3 million. The number of Montecito homes sold is down 25.7% year over year. The number of Montecito homes listed for sale is down 11.9% over this same time. The Montecito median sales price is $2,465,000. This is up as scant 1.1% over this time last year when the Montecito median sales price was $2,438,000. Buying opportunities exist in the Montecito luxury real estate segment – generally homes priced above $5 million.

To view Santa Barbara homes for sale and Montecito homes for sale click SEARCH SANTA BARBARA PROPERTIES From there you can customize a search to meet your specific needs. When you are ready for personalized attention, call or text Wendy Gragg at 805.453.3371 or email to WGragg@DistinctiveRealEstateOnline.com

The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers.
All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.